Originally Posted by
GogglesPisano
Colleges are in the business of making money, just like corporations, hospitals and religions. They’ve seen unlimited funding through the government-subsidized student loan industry and have responded like any profit-seeking entity with no downward pressure on costs: They’ve raised their prices. And in doing so hired a bloated level of “administrators” that didn’t even exist 30 years ago (along with spas and climbing walls.)
If you want to see college tuition come back down to more reasonable levels...the government just needs to stop guaranteeing the loans. If the lenders have to carry the risk, they’ll be less likely to loan $300K to an 18 year old persuing a degree in Oriental history. I think I’m saying the same thing you are.
My niece is looking at colleges right now. My brother in law told me that the “dorms” these days at college are more like condos. Students have amazing amenities in their buildings with cafes and such, instead of a food hall that serves 3 meals a day, at certain times, and if you miss the meal, you’re cooking ramen on your hot plate. The entire student college experience has gotten a LOT more expensive.